Economics

The study of the production and use of

goods and services

• economics

• services

• producers

• goods

What is a service?

• A job

• Something someone does for you

• A need

• interdependence

What is a need?

• Nothing
• Something you have to have to live
• Something you would like to have
• Ice cream

Tags

CCSS.RI.4.2

CCSS.RL.5.2

CCSS.RL.3.1

CCSS.RL.4.1

CCSS.RL.5.1

What is a good?

• A need

• A baseball game

• Things people do for money

• Materials that people can buy that can be seen and touched

A person who uses and buys goods and services 

• money 
• producer 
• consumer 
• economics 

What is a want?

• A person
• Something you would like to have but don't need to live
• Purple
• Something you need to live

Tags

CCSS.RI.4.2

CCSS.RL.5.2

CCSS.RI.5.2

CCSS.RL.3.2

CCSS.RL.4.2

A person who makes goods or provides a service 

• goods 
• service producer 
• producer
• consumer 

Which of the following is not a good?

• Clothes
• Food
• Dog Walker
• Toys

Which of the following is not a service?

• Dry Cleaner
• Car Wash
• Clothes
• Babysitter

Things that were not made by humans and are found in nature

• natural resources
• human resources
• capital resources
• services